Try to pick a fund manager who has a well-defined strategy, has been through these things before, and go invest and stay with him.
Peter CundillThe share price must be less than book value. Preferably it will be less than net working capital less long term debt.
Peter CundillThe company must be profitable. Preferably it will have increased its earnings for the past five years and there will have been no deficits over that period.
Peter Cundill